Zscaler: On A Likely Path To Reclaiming Its All-Time Highs

  • Zscaler's strong Q3 FY25 results, platform expansion, and growing enterprise adoption support my raised price target of $373, implying 23% upside. The company's Zero Trust Everywhere, Data Security, and Agentic Operations initiatives are driving deeper platform adoption and larger enterprise deals. The new Z-Flex purchasing program enhances customer flexibility and is already boosting bookings, positioning Zscaler well amid macroeconomic uncertainty.